Telenetics Corp. Retains Duff & Phelps Securities.LAKE FOREST, Calif.--(BUSINESS WIRE)--Sept. 10, 1998--Telenetics Corp. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:TLNT TLNT Tweede Luitenant (Dutch) TLNT Telephony Network TLNT Trunk Link Network ) Thursday announced that it has retained Duff & Phelps Securities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Chicago, to render investment banking and financial advisory services to the company. Commenting on this announcement, Michael Armani, president and chief executive officer of Telenetics stated: "We are very pleased to be associated with an investment banking firm with the stature and experience of Duff & Phelps. Their in-depth involvement with and extensive knowledge of the utilities market which, constitute sizable portion of our business and customer base, will assist us immeasurably." Duff & Phelps has been providing merger and acquisition and financial advisory services to some of America's most successful corporations since 1932. With its headquarters in Chicago and offices in New York and Los Angeles, Duff & Phelps raises equity and mezzanine capital for middle market and emerging companies and provides advisory services on public offerings. Its relationship with Telenetics will be managed by the President and Managing Director of Duff & Phelps Securities, Kevin Keuper. Telenetics is a leading designer and manufacturer of high quality industrial grade modems, wireless automatic meter reading Automatic meter reading, or AMR, is the technology of automatically collecting data from water meter or energy metering devices (water, gas, electric) and transferring that data to a central database for billing and/or analyzing. (AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. ) solutions, fiber optics drivers and other innovative data-communications products. Telenetics markets its products to the utilities and manufacturers of utility meters, RTUs, SCADA (Supervisory Control And Data Acquisition) A process control application that collects data from sensors and machines on the shop floor or in remote locations and sends them to a central computer for management and control. systems, electric relays, flow measurement devices, traffic controllers and oil and gas industry. Telenetics was recently awarded a multi-million dollar AMR contract by Duquesne Light company of Pittsburgh. In May, Telenetics was selected by GE Harris Energy Systems and China Light and Power ("CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. "), to provide a specially designed Digital Fast Poll Modem for the Distribution Automation Project in Hong Kong. Last month, Telenetics was selected by Bailey Network Management ("Bailey"), as the exclusive supplier of industrial modem racks for a major utility automation project for Mexico's electric utility monopoly, Comision Federal de Electricidad ("CFE CFE Conventional Forces in Europe (treaty) CFE Cash Flow to Equity (finance/accounting) CFE Comisión Federal de Electricidad (México) CFE Certified Fraud Examiner "). Forward Looking Statement Disclosure Certain of the statements contained in this news release are "future-looking statements" that involve risks and uncertainties. Actual future results could differ materially from these statements. Factors that could cause or contribute to such differences include but are not limited to, those discussed in the company's Form 10-KSB covering the year ended March 31, 1998; and Form 10-QSB for the quarter ending June 30, 1998. Additional information may be obtained through Telenetics at 949/455-4000 or at www.telenetics.com.
CONTACT: Telenetics Corp., Lake Forest
949/455-4000
www.telenetics.com
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